French economy minister to talk to TotalEnergies and Engie
The major has failed to go as far as European IOC peers
The French economy ministry accepts that “there is now a problem of principle in working with any political or economic figure close to Russian power", minister Bruno Le Maire told French TV on Tuesday morning. And he promised he would be “discussing” engagement with the Putin regime with senior management at TotalEnergies and utility Engie. The government response comes as TotalEnergies issued a statement regarding its Russian activities that fell far short of matching peers such as BP, Shell and Norway’s Equinor, which have all promised an exit from the country. The French major is thus far committing only to no longer providing capital for new projects in Russia. “TotalEnergies supports t
![](/images/white-fade.png)
Also in this section
26 July 2024
Oil majors play it safe amid unfavourable terms in latest oil and gas licensing bid rounds allowing Chinese low-ball moves
25 July 2024
Despite huge efforts by India’s government to accelerate crude production, India’s dependency shows no sign of easing
24 July 2024
Diesel and jet fuel supplies face a timebomb in just four years, and even gasoline may not be immune
23 July 2024
Rosneft’s Arctic megaproject is happening despite sanctions, a lack of foreign investment and OPEC+ restrictions. But it will take a long time for its colossal potential to be realised